A prime freehold residential site has become available for sale, offering potential buyers an exceptional opportunity to invest in a desirable location. Situated along Upper Serangoon Road, this property, listed at $36 million, spans approximately 21,500 square feet and is zoned for residential development. Its strategic position within a bustling neighborhood makes it an attractive prospect for developers and investors seeking to capitalize on Singapore’s growing real estate market.
The site benefits from its proximity to various amenities, including schools, shopping centers, and recreational facilities. Residents can enjoy easy access to public transportation, with several bus stops nearby and the nearest MRT station situated within walking distance. This connectivity enhances the site’s appeal, ensuring that future occupants will have convenient commuting options, which is a significant consideration for many homebuyers.
Upper Serangoon Road is a well-established area known for its vibrant community and diverse culture. The neighborhood boasts a mix of traditional and modern elements, providing a unique living experience. The availability of local eateries, cafes, and markets contributes to the area’s charm, fostering a sense of community that attracts families and professionals alike.
The combination of urban conveniences and suburban tranquility positions this site as a prime candidate for residential development.
In terms of potential development, the site’s freehold status offers long-term value, allowing developers to create a lasting legacy. With the increasing demand for residential properties in Singapore, the site presents an opportunity to construct a multi-unit development that could cater to a range of buyers, from young professionals to families looking for a new home. The versatility of the site’s zoning allows for various design options, enabling developers to tailor their projects to meet market demands.
Furthermore, the surrounding infrastructure is continually evolving, with ongoing government initiatives aimed at enhancing connectivity and community services in the area. As urbanization progresses, the potential for property value appreciation remains high. Investors recognize that acquiring a freehold site in such a prime location can yield significant returns, particularly as Singapore’s population continues to grow and housing demand persists.
The competitive landscape of the real estate market necessitates timely action for interested buyers. With a limited supply of freehold residential sites in prime locations, this property on Upper Serangoon Road stands out as a rare opportunity. The combination of its size, location, and zoning makes it an attractive investment for those looking to develop modern residential units that align with current market trends.
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News Source: Edgeprop
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